NasdaqGS:RNWRenewable Energy
ReNew Energy Global (RNW) Is Up 5.3% After Tamil Nadu Solar Sale and C&I Cash Infusion
ReNew Energy Global recently agreed to sell its 100 MW/117.5 MWp solar project in Tamil Nadu to Technique Solaire Group for an enterprise value of US$49 million, a deal signed on March 23, 2026 and expected to generate about US$24 million in cash inflow subject to closing conditions.
The sale of this long-term contracted asset, ReNew’s only commissioned project in Tamil Nadu with a 25-year PPA and over six years of operations, highlights the company’s continued use of asset recycling to free...